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Kooth Transfers Treasury Shares to Satisfy Employee Options

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Kooth Transfers Treasury Shares to Satisfy Employee Options

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An announcement from Kooth ( (GB:KOO) ) is now available.

Kooth has announced the transfer of 46,875 ordinary shares from its treasury to satisfy share options exercised by a former employee under the Company’s Long Term Incentive Plan. Following this transaction, the company’s total ordinary share capital stands at 36,694,683, with 35,850,840 shares holding voting rights. This update is significant for shareholders as it affects the denominator used for calculating their interest in the company, in line with FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:KOO) stock is a Buy with a £490.00 price target. To see the full list of analyst forecasts on Kooth stock, see the GB:KOO Stock Forecast page.

More about Kooth

Kooth is a leading provider of digital mental health services, offering accessible and safe spaces for mental health improvement. Their platform provides therapeutic support and interventions, with a focus on early intervention and prevention. Kooth is accredited by the British Association of Counselling and Psychotherapy and is the largest provider of mental health support for under 18s in the UK. The company is also expanding internationally, particularly targeting the US market due to the increasing need for youth mental health support.

Average Trading Volume: 80,446

Technical Sentiment Signal: Sell

Current Market Cap: £57.35M

For an in-depth examination of KOO stock, go to TipRanks’ Overview page.

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